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Fibre2Fashion
Published
Nov 30, 2017
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Asia-Pacific leads in global textile yarn market: report

By
Fibre2Fashion
Published
Nov 30, 2017

Asia-Pacific leads in the global textile yarn market followed by North America, with polyester and cotton being the widely used textile yarn products, says a report, which sees changing consumption pattern, rising population, disposable income and the rise in demand for clothing and home furnishing products in the Asia-Pacific as the major growth factors.



Increasing investment from multinational manufacturers in the United States and Canada will propel the growth of the North American market, whereas the market in Latin America and the Middle East are flourishing due to the developing apparel industry and high levels of product development, says the report by US-based Zion Market Research.

Rapid urbanization and the shift in consumer preference towards affordable and comfortable clothing have raised the demand for high-value fabrics such as viscose, silk, and hemp.

Blended varieties of fibres are also witnessing immense growth owing to significant features of both artificial and natural yarn thus opening up new growth opportunities.

However, instability in the production of plant and animal source yarn and the strict regulation imposed on the trade of textile yarn products are barriers, a company press release says citing the report.

The major players included in the report are Parkdale Mills Incorporated, Hengli Group, Kairuide Holding Co Ltd., Vardhman Textiles Limited, Birleþik Koyunlulular Mensucat TIC V, Weiqiao Textile Company Limited, Low & Bonar Plc., Raymond Limited, Huvis Corporation and Grasim Industries Limited.

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